Mariam, age 25, started her business sewing clothes one year ago. She stitches clothes for the people in her vicinity and uses the income to support her entire family. However, she is facing difficulty in completing her customers' orders on time. She contacted Kashf Foundation and requested a loan of 20,000 PKR. She is planning to use this loan to buy more spools of thread with packs of needles and elastic. It will help her to meet the orders of her customers without fail. She expects a boost in her earnings and desires to expand her business.
About Kashf Foundation
Kashf Foundation is one of the leading microfinance providers in Pakistan, focused on expanding financial access for poor women across the country. The organization’s economic empowerment program has grown from 913 clients in 1999 to 284,653 clients as of May 2012, with a current outstanding portfolio of US$32 million.
Kashf has trained over 227,000 clients in basic financial literacy and systemized financial education since 2010, in addition to providing training in gender justice and empowerment to over 12,500 participants since 2011. This group includes clients, their husbands and adolescent boys in their communities.
Over the past 16 years, Kashf has disbursed an estimated 2 million loans. Today, it operates in 16 districts in Punjab province and 1 district in Sindh province through a network of 157 branches. It plans to open 19 new branches to cover all four of Pakistan’s provinces.